Bangladesh Bank Governor Fazle Kabir has been elected the rotating president of Islamic Financial Services Board, the international body setting standards and offering guidance for Islamic banking, for 2019. The decision was made on May 3 during the IFSB Annual Meetings and Side Events 2018, hosted by the Central Bank of Kuwait, the Central Bank of Iran’s website reported. It was attended by participants, including heads and senior representatives of regulatory and supervisory authorities, and financial institutions from over 20 countries, including Iran, IFSB members and the Kuwait financial community. IFSB also resolved to approve the appointment of a new Technical Committee for a three-year term from May 2018 to April 2021. The IFSB Technical Committee is responsible for advising and making recommendations to the council on technical issues, including presenting draft prudential and supervisory standards and guidance.

Source:

2018, New President at IFSB, Tuesday, May 08, p.1,<https://financialtribune.com>